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Moving McRichPeople out of normal housing and into McMansions can open up housing availability downstream though. The homes they are moving out of are an upgrad
by kylehotchkiss 5y ago
Moving McRichPeople out of normal housing and into McMansions can open up housing availability downstream though. The homes they are moving out of are an upgrade for those in starter homes and then those starter homes become available.
- notch656a 5y agoAgreed, although it may be the case that many McRich are buying additional housing rather than trading one house for another.
- mikem170 5y agoOr replacing small houses with bigger ones...
- coding123 5y agoThat is the case from what I have seen. We've put so much playdo money in the hands of young McRich who worked at a FAANG and there are so many of them. Also Chinese investors are buying up properties and locking them up for a few years to resell. We may get to a point where we have to actually change the law to fight homelessness and rising housing costs.